Bitcoin (BTC) is close to completing a death cross, where the 50-day simple moving average (SMA) falls below the 200-day SMA. Although the death cross is believed to be bearish, analyst Timothy Peterson said in a post on X that Bitcoin has recorded a median return of 18%, two months after the eight death cross occurrences since 2015. Bitcoin whales also seem to be sensing a bullish outlook. Whales with total holdings between 10 and 1,000 Bitcoin aggressively purchased on Aug. 5 and Aug. 6. However, the same cannot be said for the spot Bitcoin exchange-traded funds buyers who sold during those …